Mkango Resources Ltd (LSE:MKA) has extended the exclusivity period for its proposed merger with Crown PropTech Acquisitions, pushing the deadline to July 3, 2025. The extension provides both parties with additional time to finalize negotiations and complete documentation for the potential transaction. If completed, the business combination could significantly strengthen Mkango’s role in the rare earth magnet recycling and production sector.
About Mkango Resources
Mkango Resources is dual-listed on the AIM and TSX Venture Exchange. The company aims to become a key player in the global supply chain for recycled rare earth materials, including magnets, oxides, and alloys. Through its stake in Maginito Limited, Mkango is engaged in both short and long loop rare earth magnet recycling and manufacturing across facilities in the UK, Germany, and the U.S. Additionally, Mkango holds strategic interests in the Songwe Hill rare earth project in Malawi and a rare earth separation facility in Pulawy, Poland.
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